Deutsche Bank AG Has $3.92 Million Stock Holdings in Paramount Group, Inc. $PGRE

Key Points

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Deutsche Bank AG reduced its position in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 911,811 shares of the financial services provider's stock after selling 49,083 shares during the quarter. Deutsche Bank AG owned about 0.42% of Paramount Group worth $3,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its holdings in Paramount Group by 806.3% during the 4th quarter. Sterling Capital Management LLC now owns 5,909 shares of the financial services provider's stock worth $29,000 after purchasing an additional 5,257 shares during the last quarter. Manchester Capital Management LLC raised its holdings in Paramount Group by 99.2% during the 1st quarter. Manchester Capital Management LLC now owns 8,864 shares of the financial services provider's stock worth $38,000 after purchasing an additional 4,415 shares during the last quarter. Gotham Asset Management LLC bought a new stake in Paramount Group during the 4th quarter worth about $52,000. Commerce Bank bought a new stake in Paramount Group during the 4th quarter worth about $54,000. Finally, Levin Capital Strategies L.P. bought a new stake in Paramount Group during the 1st quarter worth about $64,000. 65.64% of the stock is owned by institutional investors.

Paramount Group Trading Up 2.5%

Shares of PGRE stock traded up $0.1650 on Friday, reaching $6.7850. The company had a trading volume of 3,170,072 shares, compared to its average volume of 2,773,760. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.50 billion, a PE ratio of -18.85 and a beta of 1.35. The company has a 50-day moving average of $6.41 and a 200-day moving average of $5.32. Paramount Group, Inc. has a 12 month low of $3.75 and a 12 month high of $6.93.

Paramount Group (NYSE:PGRE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The company had revenue of $177.05 million during the quarter, compared to analysts' expectations of $173.98 million. Paramount Group had a negative return on equity of 1.92% and a negative net margin of 10.49%. Paramount Group has set its FY 2025 guidance at 0.550-0.590 EPS. On average, equities analysts forecast that Paramount Group, Inc. will post 0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PGRE shares. Mizuho boosted their price objective on Paramount Group from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Evercore ISI raised Paramount Group from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $4.50 to $8.00 in a report on Tuesday, May 20th. Finally, Wells Fargo & Company decreased their target price on Paramount Group from $5.00 to $4.50 and set an "underweight" rating for the company in a research report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $5.44.

About Paramount Group

Paramount Group, Inc ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.